How many shares of treasury stock does the corporation have? What does it represent? How does it affect stockholder's equity? AutoSaveAccounting 2102 Assessment Fall 2020 - ExcelO SearchMorgan Claire McGrew MC口FileHomeInsertDrawPage LayoutFormulasDataReviewViewHelpS ShareP CommentsCalibri14A A2 Wrap TextCurrencyE InsertΣPasteDeleteBIUEMerge & Center$ - %> 58 99Conditional Format as00CellSort & Find &IdeasSensitivityFormatting Table StylesFormatFilter Select -ClipboardFontAlignmentNumberStylesCellsEditingIdeasSensitivityG193402000AВH.KMRetaied Earnings: $250,000Treasury Stock: 8000 shares @ $2 per shareStockholder's Equity:6 Paid- In Capital:Preferred Stock 5%, $4 par (8000 sharesauthorized, 6000 isšued and outstanding)Excess of issue price over par8.$24,000.00$60,000.00Paid in Capital - PreferredCommon Stock, $2 par (200,000 shares authorized,125,000 issued)Excess of issue price over par10$84,000.001112$250,000.0013$1,250,000.00Paid - In Capital - Common Stock$1,500,000.0014Total Paid- In Capital$1,584,000.00$250,000.001516 Retained Earnings:17Total$3,418,000.0018 Treasury Stock (8000 shares at cost)19 Total Stockholder's Equity$16,000.00$3,402,000.002021InstructionsStockholder's Equity SectionQuestions100%1:30 PMP Type here to searcha11/25/2020124.5.

Introduction Treasury stock: Treasury stock is the company’s its own stock which company purchases…

Stockholder's Equity: Paid - In Capital: Retaied Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and oitstanding) Excess of issue price over par $24,000.00 $60.000.00 Paid in Capital - Preferred 11 Common Stock, $2 par (200,000 shares authorized, 125,000 issued) S৪4,000,00 $250,000.00 $1,250,000.00 12 13 Excess of issue price over par Paid - In Capital - Common Stock Total Paid - In Capital 16 Retained Earnings: 14 $1,500,000.00 $1,584,000.00 $250,000.00 15 17 Total $3,418,000.00 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20

Stockholder's Equity: Paid - In Capital: Retaied Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and oitstanding) Excess of issue price over par $24,000.00 $60.000.00 Paid in Capital - Preferred 11 Common Stock, $2 par (200,000 shares authorized, 125,000 issued) S৪4,000,00 $250,000.00 $1,250,000.00 12 13 Excess of issue price over par Paid - In Capital - Common Stock Total Paid - In Capital 16 Retained Earnings: 14 $1,500,000.00 $1,584,000.00 $250,000.00 15 17 Total $3,418,000.00 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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rive - Google Drive Z My Drive - Google Drive x + Front Desk Operations 2020 - Go X + akeAssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator=&inprogress3false * Tp ix o TVCC Email P My Math Lab | Log In to Canvas XMathway | Calculus.. N Netflix . Cengage Login Login Read Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. The balance in the account Work in Process-Filling was as follows on January 1: Work in Process-Filling Department (3,500 units, 30% completed): Direct materials (3,500 x $10.60) $37,100 Conversion (3,500 x 30% x $6.80) 7,140 $44,240 The following costs were charged to Work in Process-Filling during January: Direct materials transferred from Reaction…
ment Builder UI Appl X WP NWP Assessment Player UI Appli X education.wiley.com/was/ui/v2/assessment-player/index.html?launchld%3Dee163b88-e027-44f4-a52e-6d3f9baff01e#/questi III Lab Assignment uestion 3 of 20 now Attempt History urrent Attempt in Progress Your answer is partially correct. Vaughn Corporation has the following capital stock outstanding at December 31, 2020: 7% Preferred stock, $100 par value, 15,700 shares issued and outstanding 000' Common stock, no par, $10 stated value, 500,000 shares authorized, 380,000 shares issued and outstanding 000'008 The preferred stock was issued at $120 per share. The common stock was issued at an average per share price of $14. Prepare the paid-in capital section of the balance sheet at December 31, 2020. (Enter the account name only and do not provi descriptive information provided in the question.) VAUGHN CORPORATION Partial Balance Sheet December 31, 2020 Stockholders' Equity
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